Ardsley Advisory Partners LP Sells 350,000 Shares of The Real Brokerage Inc. (NASDAQ:REAX)

Ardsley Advisory Partners LP lessened its holdings in The Real Brokerage Inc. (NASDAQ:REAX) by 58.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 250,000 shares of the company’s stock after selling 350,000 shares during the period. Ardsley Advisory Partners LP owned 0.13% of Real Brokerage worth $1,150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Aquatic Capital Management LLC bought a new position in shares of Real Brokerage in the fourth quarter valued at about $25,000. Golden State Wealth Management LLC bought a new position in Real Brokerage in the 4th quarter valued at about $28,000. Sound Income Strategies LLC acquired a new stake in Real Brokerage during the fourth quarter worth approximately $47,000. Oxford Asset Management LLP bought a new stake in shares of Real Brokerage during the fourth quarter worth approximately $49,000. Finally, Townsquare Capital LLC acquired a new position in shares of Real Brokerage in the fourth quarter valued at approximately $65,000. Institutional investors and hedge funds own 53.28% of the company’s stock.

Analysts Set New Price Targets

Separately, Jones Trading restated a “buy” rating and issued a $6.00 price target on shares of Real Brokerage in a research note on Thursday, March 6th.

Real Brokerage Stock Performance

NASDAQ:REAX opened at $4.38 on Friday. The Real Brokerage Inc. has a 52 week low of $3.55 and a 52 week high of $6.75. The firm’s 50-day simple moving average is $4.49 and its 200 day simple moving average is $4.87. The firm has a market cap of $866.16 million, a price-to-earnings ratio of -24.33 and a beta of 1.13.

Real Brokerage (NASDAQ:REAX) last released its quarterly earnings results on Thursday, March 6th. The company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $350.63 million during the quarter, compared to the consensus estimate of $300.11 million. Real Brokerage had a negative net margin of 2.91% and a negative return on equity of 73.22%. Sell-side analysts anticipate that The Real Brokerage Inc. will post -0.1 EPS for the current year.

Real Brokerage Company Profile

The Real Brokerage Inc, together with its subsidiaries, operates as a real estate technology company in the United States and Canada. It operates in three segments: North American Brokerage, Real Title, and One Real Mortgage. It offers brokerage, title, and mortgage broker services. The company is based in Miami, Florida.